The latest Part of the Company and Securities Law Journal includes three interesting articles. The first is by Emma Armson and examines the takeover policy considerations arising where a rights issue involves a high ratio of shares being issued compared to the number of existing shares. The second comes from James Paterson and outlines the parties to whom the AFL Ltd’s board of commissioners owe legal obligations under equitable, fiduciary and statutory directors’ duties, and considers those duties in light of the AFL Ltd’s objectives stated in its constituent documents. The final article is by Helen Wei Hu and On Kit Tam and aims to explore whether the recently developed independent director systems in China and India could be characterised as convergent or divergent.
The September 2012 issue of the Australian Journal of Competition and Consumer Law includes an article by Paul A Czarnota that looks at the AFL, the joint venture defence and single economic entity theory, an edited version of a speech given Chairman of the ACCC, Rod Sims, at the 2012 Competition Law Conference and an article by Rod Sims which seeks to promote understanding of the ACCC’s NBN Co/Optus authorisation decision and its implications. There is also great range of high quality sections, including Economic(s) Matters, Snapshots, Consumer Protection, Reports from Asia and New Zealand, plus much more!